Presidential hopeful,’s campaign released its July fundraising on Monday, revealing that it has been able to scoop a total of $101 million against Obama’s $75 million. The President’s campaign tells its supporters that if this continues, they are going to be in “deep trouble”.
With just three months left in the November general elections, President Obama might soon become the first sitting President to be outspent in the final days of the campaign. His fundraising ability back in 2008 was unparalleled; this time however, he’s faced with a much stronger opponent.
Obama attacked Mitt Romney while addressing a crowd of supporters in Connecticut on Monday, as he challenged the GOP’s presumptive nominee’s tax policy. “It’s likein reverse,” Obama told a crowd of about 500 supporters. “It’s Romney Hood”. The crowd laughed and roared approving Obama’s reference to the presidential hopeful’s alleged strategy of taking the resources from the poor to benefit the rich.
In response, Romney’s spokesman, Ryan Williams counter attacked Obama calling him the one due to which the Americans have been suffering. “There’s only one candidate in this race who’s going to raise taxes on the American people – and that’s Barack Obama.” Williams said according to a report by NY Daily News. “While he's used taxpayer dollars to grow government and reward his donors, middle-class Americans have seen fewer jobs, lower incomes, and less hope for the future.”
Romney outraised Obama by $16 million in May and $35 million in June. July has seen the cash gap grow even bigger amid desperate pleas by the President to step up and donate more to the party. “We are well on track to raise the money to be successful in November,” Romney Victory Fund National Finance Chairman Spencer Zwick said in a statement.
This presidential election is expected to end up being the most expensive in the history of United States. With the finances revealed, this marks an entry into the final stretch of fundraising by both candidates, before they can begin spending this money after the Republican National Convention in Tampa, Florida, later this month.
With the announcement of the recent figures, Mitt Romney has now $186 million in cash on hand, BBC reports. Similar figures for Obama’s campaign are yet to arrive, but Democrats are still slightly ahead in overall fundraisings for the elections.